moderated when firm-level uncertainty is high, consistent with performance being attributed more to luck rather than skill and … effort, which can create incentives to shift earnings toward lower-uncertainty periods. We show that the resulting … opportunistic earnings management more challenging. Our evidence highlights a novel channel through which uncertainty affects …

Tax uncertainty often negatively affects investment. Advance tax rulings (ATRs) are commonly used as a measure to … multinational firms (Luxembourg Leaks). We analyze ATRs as tax uncertainty shields from both the taxpayers' and the tax authorities … uncertainty. This pattern is typical for aggressive tax planning strategies, e.g., in tax havens. Our findings are threefold …

investment decisions of a firm under both cash flow and tax uncertainty. We model and analyze the multi-dimensional nature of tax … uncertainty from tax reforms and tax audits in expected tax rates, tax bases, and in conjunction with loss offset restrictions. A … low risk aversion. Our findings suggest that ATRs can effectively fight tax uncertainty and stimulate investment. However …

investment decisions of a firm under both cash flow and tax uncertainty. We model and analyze the multidimensional nature of tax … uncertainty from tax reforms and tax audits in expected tax rates, tax bases, and in conjunction with loss offset restrictions. A … risk aversion. Our findings suggest that ATRs can effectively fight tax uncertainty and stimulate investment. However …

Optimal layoff rules in closed form are derived for all workers in a firm that downsizes under uncertainty and faces … aircraft building company that went bankrupt in 1996 shows that workers with high uncertainty associated with higher than …

Policy Forum held in Washington, DC, on May 15, 2014. Titled “’Crisis’ Management: Uncertainty and the Workplace,” the … in alleviating the strains of uncertainty. Topics included: Never Let a (Retirement) Crisis Go to Waste: What’s Broken …-Based Health Benefits; Healthy, Wealthy, and Why -- In the Midst of Uncertainty -- Can Financial Wellness Work? …

are designed such that under uncertainty about output distributions (that is, under ambiguity), ambiguity averse agents …